Thursday, January 01, 2009

Deregulation and Us

I came across this article (with link below) and it covers so many things well, that I thought I'd share it with readers here. I know that some financial jargon is difficult to understand, but I also think this article explains the basic flaws in the system in a relatively easy way. In many ways, this is what I've been gradually leading up to in the "Conservatism Unravels" series. (A word history is below the link)

http://seekingalpha.com/article/71265-the-credit-bubble-deregulation-gone-wild

Word History:
Quick-I love this word because of the way the meaning has changed, although with ample connection to the original meaning. Old Germanic had "kwikwaz," which had to do with "living, being alive." This had been derived from the Indo European base "gwej/gwiwo," which also meant "to live, be alive."*** The developing Germanic dialects took the word in some form, and Old Frisian and Old Saxon had "quik," Old Norse had "kvikr," Old High German had "quek," and Old Randy had...let's skip that one. Old English had "cwic," which also meant "living, alive." The notion of "living" grew to mean "lively," which in turn, during the 1400s, took on the meaning of "swift, fast." Modern German has "keck," which means "bold, saucy, forward." Dutch has "kwiek," meaning "sprightly, lively," Swedish has "kvick," which means "rapid." In English we still have the original meaning found in the expression, "the quick and the dead" ("the living and the dead").

***This base also gave words to languages related to English further down the family tree:
Latin had "vivus," Greek had "bio," Russian had "zhivoj," all with connections to "alive, living, lively."

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